Crypto Whales Are Hoarding This Solana Meme Coin – What Does it Do?

cryptonews.com:

A presale for Solana’s all-American hillbilly $SEAL token has attracted over $1.4 million in just three weeks as it leads a new wave of Solana meme coins that has caught the attention of investors worldwide.

Sealana’s predecessors, meme coins coins like DogWifHat ($WIF), Bonk ($BONK), Book of Meme ($BOME) and Popcat ($POPCAT), all rose to become top ten meme coins by market capitalization within a year of launch.

Another recent viral Solana meme coin ICO – Slothana ($SLOTH) the 420-friendly sloth – raised an eye-watering $15 million in a recent one-month presale.

Now it looks like $SEAL is set to be Solana’s next sensation as whales push the presale toward $1.5 million in funding.

Sealana began life as a reference to South Park’s Gamer Guy, a meme legend known for his unhealthy screen time.

Gamer Guy first appeared in South Park’s World of Warcraft episode and has since become a symbol of excessive screen use, from keyboard warriors to lazy individuals.

There are rumors that the team behind it came out with this year’s viral $SLERF meme coin.

Slerf’s launch was plagued with catastrophe when the project accidentally burned $10 million of tokens allocated to early investors. After seeing Slothana take the sloth concept and go on to out-raise them, the team came back with Sealana.

Sealana is one of the projects making a reputation for Solana as the best Layer 1 blockchain for launching high-volume meme coins.

Solana currently hosts a digital economy storing over $4.5 billion in total value locked (TVL) across various apps and financial services, with 1.16 million active users transacting daily and over 2,500 monthly active developers.

There are also some potentially market-moving events that could add billions to Solana across all